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329 N Gardner St, Los Angeles, CA 90036

Sale Price: $1,926,000
Sep 19, 20245,140 sqft8 beds6 baths
Listed by: Eliyahu Appel
License #: 01918652
Phone #: 818-212-2707
Marcus & Millichap
Source:
CRMLS Logo
MLS #: 24451561

Property Description

We are pleased to present the exclusive listing of 329 North Gardner Street. The property built in 1940, consists of six units, totaling 5,140 rentable square feet on a 7,151 square foot lot. This 6-unit apartment building comprises two 2-bedroom, 1-bathroom units and four 1-bedroom, 1-bathroom units. This property has seen significant recent improvements, including new exterior paint, updated electrical systems, updated roof, and all copper plumbing. Each unit features, dual entry for convenience, a heat pump and separate water shutoff valves making servicing easier. Notably, Unit 329 includes a built-in wall AC and floor heaters, while Unit 329 1/2 has a window AC. Unit 331 #1 stands out with a complete remodel, offering central AC and heat, along with an updated kitchen featuring granite countertops. Units 331 #2 and 331 #3 also benefit from central AC and heat, while Unit #4 has a window AC. The property includes three garages, two of which are currently rented, leaving one vacant.329 North Gardner Street is strategically located in the heart of Los Angeles, within a vibrant neighborhood that offers a dynamic mix of urban amenities and residential charm. Just a short walk from The Grove, a premier shopping and entertainment destination, residents have easy access to a variety of retail options, restaurants, and cultural attractions. Nearby Pan Pacific Park provides green space for outdoor activities, enhancing the appeal of the area for families and individuals alike. The property is situated in a bustling district known for its diverse culinary scene, trendy shops, and a lively atmosphere, particularly along Beverly Blvd. Public transportation options and major thoroughfares are easily accessible, allowing for convenient commutes to other parts of Los Angeles. The neighborhood's mix of historic charm and modern conveniences makes it highly desirable, with strong demand for rental properties. With well-maintained units and desirable amenities, the property is poised for strong rental demand and competitive rental rates, making it an attractive investment. The combination of recent upgrades and a desirable location positions 329 North Gardner Street. for both immediate cash flow and long-term appreciation, making it a solid investment opportunity.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$29,484

TurboHome Estimated Value

$1,957,800

$381 sqft

High Valuation
$2,055,690
$400/sqft
Normal Valuation
$1,957,800
$381/sqft
Low Valuation
$1,859,910
$362/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$381/sqft$1,957,800

Neighborhood: Mid City West

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Comparative Value

$1.63M

$1.80M

$1.93M

$2.30M

6216 Orange St, Los Angeles, CA 90048

Sale Price: $1,625,000

Selected Comparable

128 N Clark Dr, West Hollywood, CA 90048

Sale Price: $1,800,000

Selected Comparable

329 N Gardner St, Los Angeles, CA 90036

Sale Price: $1,926,000

Selected Comparable

329 N Gardner St, Los Angeles, CA 90036

List Price: $1,950,000

Subject Property

100 N Kings Rd, Los Angeles, CA 90048

Sale Price: $2,300,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
329 N Gardner St, Los Angeles, CA 90036

329 N Gardner St, Los Angeles, CA 90036

List: $1,950,000

Listed: 9/19/2024

Area:5,140 sqft
Price/sqft:$379
Beds:8
Baths:6
Year Built:
Lot Size:7,153

Comparable Properties

COMPARABLE
Choose comps
329 N Gardner St, Los Angeles, CA 90036

329 N Gardner St, Los Angeles, CA 90036

Sale: $1,926,000

1/7/20250.00 mi

Area:5,140 sqft
Price/sqft:$375
Beds:8
Baths:6
Year Built:
Weight:30.1%
100 N Kings Rd, Los Angeles, CA 90048

100 N Kings Rd, Los Angeles, CA 90048

Sale: $2,300,000

1/7/20251.06 mi

Area:5,003 sqft
Price/sqft:$460
Beds:8
Baths:6
Year Built:
Weight:26.6%
128 N Clark Dr, West Hollywood, CA 90048

128 N Clark Dr, West Hollywood, CA 90048

Sale: $1,800,000

2/21/20251.78 mi

Area:4,604 sqft
Price/sqft:$391
Beds:8
Baths:6
Year Built:
Weight:24.7%
6216 Orange St, Los Angeles, CA 90048

6216 Orange St, Los Angeles, CA 90048

Sale: $1,625,000

5/28/20251.08 mi

Area:4,681 sqft
Price/sqft:$347
Beds:7
Baths:5
Year Built:
Weight:18.7%

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